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The USD has surged against all the major currencies today on the back of robust economic data following yesterdays interest rate rise. US retail sales m/m came in strong at 0.8% (0.4% exp), showcasing that US consumers are enjoying the economic boom as of late. Adding further good news, was initial jobless claims which fell to 218K (223K exp) also showing that the labour market in the US is in good form. So you have positive retail sales, inflation above 2%, interest rate rises and a healthy labour market to top it off - things are looking really good for the US economy going forward. The... Read More

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